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be accomplished, without a ramping up of military activity in gaza, that's preferable. >> joining us from gaza nbc news foreign correspondent amman mohyeldin. sorry. amman, before we get into the analysis here, give us an update as far as where things stand in terms of egypt's mediating what could be peace talks in this situation? >> sure. yeah. all eyes have shifted away from gaza about a couple hundred miles south of here and it's all about cairo right now because that's where egyptian intelligence officials and egypt's president is negotiating a truce between israel and the palestinian factions. in the last several hours, egypt's president mohamed morsi has met with both the head of hamas's political office and head of islamic jihad, the two biggest factions in gaza. both of them are saying that they're willing to enter truce with israel on certain conditions. these conditions are that gaza lifts a punishing blockade and siege that has been imposed on gaza since 2006 and allows the free moment movement of people in and out of the territory and supplies and medicine. they want assurances from is
's wrong with that? [ticking] >> when the u.s. oil companies came here in the '40s and '50s, the americans moved into the area with their families and developed it to suit their tastes and their way of life. they created a replica of american suburbia. today you could be in the outskirts of houston or los angeles. it's almost like it's an enclave within saudi arabia. it's--different from the rest of the country. >> yes, that's true, because-- >> very different. it kept a lot of the american ways. >> yes, of course. >> but blocked off from the rest. >> they are good ways. there's nothing wrong with it. these were their excellent ways. >> welcome to 60 minutes on cnbc. i'm morley safer. in this edition, we follow the flow of big oil from massive, mega billion dollar oil fields in saudi arabia to the u.s. where wall street refines the oil into a mega billion dollar commodity. we begin with a look back to 2008 when the price of oil, theoretically tied to supply and demand, suddenly became untethered. storage tanks were full, yet the price skyrocketed from $69 a barrel to nearly $150 before it
the carnage. we'll have our coverage of the cease-fire with arwa damon, who's live this morning for us in gaza. and arwa, we see the flags flying, the honking, the streets lined with cars. is it still the same situation right now? >> reporter: it most certainly is. we can give you an idea of what the street below us looks like, as masses of people following thursday midday prayers here are gathering in front of one of the government buildings. we've been hearing the speeches, listening to the messages coming from the loud speakers as well. people very much declaring this a victory, although this is a city and a population that most certainly has paid an incredibly heavy price. just to give you an idea, next to where the crowds are gathering down this main road in gaza city are the remains of what was once a residential home that was attacked a few days ago. we were here when that strike took place. it was massive. it shook the entire neighborhood. and so whilst on the one hand people are celebrating, they are saying that this was a victory for hamas, for the palestinians, that they did manage
. do you want to make a difference, creating american jobs? david muir tonight shows us how to do it together for a happy holiday. >> we're in! >> we're in! >>> good evening. right now, millions and millions of americans are lining up to take a chance on a giant dream. a powerball ticket that could be worth more than half a billion dollars. the biggest in its history. the drawing is tonight. and some people have been willing to wait 2 1/2 hours in the long lines in arizona, while coast to coast, tickets are flying across the counters, 130,000 sold every minute. and that adds up to 7 million tickets sold every hour. so, we asked abc's steve osunsami to make his way into the vault where the lottery balls are kept under lock and key and tell us about all the americans hoping tonight is their night. >> reporter: if this is lottery fever -- >> it only takes one. >> that's the winner. >> the boats and the house and the cars. >> reporter: then millions of americans are trying to catch it. buying lottery tickets like never before. more than 189 million powerball tickets sold in this final
at home for joining us this hour. happy friday. what a week this has been. whoever packs president obama's bags is busy. he's going to asia tomorrow. no sitting u.s. president has ever visited the nation of cambodia before, but president obama is about to do so. no sitting president has visited burma either. but president obama is about to go there too. no president has ever done that. when he's there, he will meet with the opposition leader. what is the side note of this historic trip to burma? before the u.s. government decided to send a president to the country, we first decided we were ready to send a rock band to that country. the state department under a brand new president obama in 2009 authorized the great l.a. latin fusion band to go tour burma. a sort of ambassadors for u.s. culture in that part of the world. burma has only finally ended military rule there as of last year. after president obama makes his visit there this weekend, we have now learned we're going to be sending another american musical act to follow up the president's trip. this time it's jason mraz. he's schedul
on tel aviv since 2006. tell us about what happened, the damage, and the victims? >> sure. they're calling it a terrorist attack, andrea, although not a suicide bombing. it is a commuter bus around lunch time today and at least a dozen people injured. several severely injured. and it's a very familiar sight as you know in this city and around israel but it had been quite a while since there was a bus bombing, since 2004. and it certainly puts people in this country on edge because unlike these rockets that have been coming into israel, that they've been very good at shooting down, this is an attack on the ground within the country and that is not something that people here have faced for a while and they are going to want reassurances in the face of this cease-fire and potential deals down the road, that this kind of thing will not happen. >> and, of course, israel still remains mobilized and that kind of mobilization comes at considerable costs. so, one question that we need to ask and that we can be following up on throughout this hour is whether or not they're pulling back, w
for us tonight with new developments. jessica, what are the specifics of this offer tonight? >> reporter: hi, wolf. according to senior officials on both sides of the aisle, the president is asking for $1.6 trillion in new taxes. that includes raising taxes for families who make $250,000 or more. you'll recognize that as a pledge from his campaign. and it also includes limiting deductions and loopholes as well as other changes to capital gains and dividends taxes. well, that is the headline for republicans, wolf, who say it is far more money in tax rates than they ever expected to hear from the white house in any offer. moving on to some other aspects of the proposal, secretary geithner on capitol hill also outlined in this plan an intention to extend unemployment insurance, $50 billion in stimulus for next year, and creating some kind of permanent mechanism to extend the debt limit so we don't repeat a crisis like last summer. now, what would they get in return? what would the white house give? the proposal is they would offer $400 billion in medicare and other entitlement savings but e
goo. >>> and our "person of the week," coming to the rescue. here to tell us the three things we must never do if we want thanksgiving to be great. >>> good evening. as we come on the air, the holy city of jerusalem, under fire. images like these coming in from israel all day. dramatic pictures of families huddled in concrete pipes for safety. the world watching right now and asking, is the region even closer to the brink of war? we'll talk to abc's global affairs anchor christiane amanpour on the ground in jerusalem. but first, we go right to the gaza strip, where abc's alex marquardt is in the heat of the fight tonight. alex? >> reporter: good evening, diane. tonight, there are 20,000 israeli reservists who have been called up. tanks and troops are amassing along the border, not far from here, preparing for a possible ground invasion. missiles and rockets have been flying back and forth. there has been no letup in this deadly escalation. sirens today in one of the most sacred cities in the world. jerusalem, a target for the first time in this battle. a rocket fell ten miles short. n
doing it? find us on facebook or twitter. "cnn saturday morning" with randi kaye continues right now. >>> from cnn world headquarters in atlanta, this is "cnn saturday morning." battling over benghazi, lawmakers are furious. the president is standing his ground. and there is still no one in custody. all morning, we're putting the conflict and the players in focus. on the brink of war as fighting escalates between israel and hamas, experts say there will likely be a lot more bloodshed before the violence stops. and it's the gaffe that has some republicans shaking their heads. why mitt romney says obama won because of the gifts he gave. >>> good morning, everyone. i'm randi kaye. it is 10:00 on the east coast, 7:00 a.m. on the west. we start in gaza this hour, as people there have to fear death from above. israeli war planes have been relentless in their attacks on targets in gaza. they are hunting rocket launchers, but dozens of civilians have been killed as a result. the latest round of this conflict started wednesday, and there is no end in sight. sarah sidener is in gaza city for u
to be on the program, i just went, ayyyy! >> so cool. thanks, man. thank you to you at home for joining us. pop quiz, ready? what is the biggest country in the middle east? and i don't mean the biggest by land area. you don't get credit for large swaths of territory. what is the biggest nation in the middle east by population? it turns out it's not at all a close call. it's egypt, by a lot. more than one in five people in the middle east is egyptian. it's not the richest country, it's not geographically in the middle, but it is the center of gravity for both population and the politics of that whole blessed region. geographically, more toward the middle of the whole middle east is the nation of israel, comparatively tiny. if you want to understand where the fighting is centered, you have to zoom in even further to a whole different scale to even be able to see what the relevant border is over which this fighting is happening. looking at it in that context, you might ask, what's that giant border right next to this relativity tiny place being fought over? that's egypt. that's the egyptian border righ
presumably used it to make it as authentic as possible. a new combat realism game that came out today, they were advised by oliver north. remember him? he was indicted for 16 felonies in the iran contra panel. he was a conservative movement hero. oliver north not only consulted on this new game that comes out today, he appears as a character in the game. look at his hips. in real life i don't think his hips swing like a hula dancer like they do in the game. i don't know. i've never seen him walk. when the character oliver north talks in "call of duty black ops 2," it's his real voice. here's the thing about this game that came out today and today's news, and i think a thing i guess nobody saw coming before it happened. the game comes out today and set 13 years in the future. it's set in the year 2025. although the game is supposed to be fiction, the cameo from oliver north is not the only way to make it seem connected to real people in the real world. there's an important scene in the game that takes place on a u.s. aircraft carrier, and that's named the "uss barack obama." and the u.
. the rest of that interview this week. it's quite extraordinary. that's all for us tonight. "a.c. 360" starts right now. >>> the explosions continue to rock this city that we have seen all throughout the day. we've also just this evening as we have throughout the day seen a number of rockets being fired from gaza city from the central area in gaza city toward israel. a number of those rockets have been intercepted. it's not clear how many may have gotten through this evening alone. there's a lot to tell you about today. most significantly a big strike on a building just several blocks from here that houses a number of media organizations, local media and also some foreign media organizations. it's a building that was struck on sunday and had largely been evacuated. but today the building was struck. again, the lower floors were struck again. one member of islamic jihad was said to be killed. that's confirmed by israeli and palestinian sources. a lot to tell you about. here's what the day looked like. >> reporter: day six of the battle between hamas and israeli defense forces. day six
steve jobs. you're probably already using something this quiet genius already invented. "the wall street journal report" begins right now. >> this is america's number-one financial news program. "the wall street journal report." now, maria bartiromo. >> here's a look what's making news as we head into a new week on wall street. corporate america had a strong message for president obama this week. ceos from more than a dozen of america's largest companies met with the president and warned that washington must reach a deal to avoid the fiscal cliff. the president also sat down with congressional leaders and officially began negotiations. if congress doesn't act, taxes on income, capital gains, dividends and estates will all go up. and automatic spending cuts will kick in, beginning on january 1st. this week, i spoke with alan simpson and erskine bowles, authors of a deficit reduction plan about what needs to be done. >> you can't tax your way out of this. you can't cut spending your way out of this. you can't grow your way out of this. so grab hold, it's going to be a rocky, rocky road. >>
a shortened week. let's bring in our guests for their take on what went on. with us now, chip dixon, jeff cox, and rick santelli. nice to have you on the program. thanks for joining us. chip, let me begin with you. haven't see you in a little bit. we used to talk long ago when you were at a different firm. welcome back to cnbc. >> thank you. >> you are the director of research discern. what is your research telling you here about where we are in this market and in this cycle for the economy? >> well, it tell us that the housing sector is improving and the residential side. commercial permit activity, which we see, has gone up, it's kind of plateauing. it tells us we're dealing with a lot of uncertainty out there. there's a tremendous amount of pent-up capacity in corporate america if we can just get the right fiscal policies in place. this economy could do well. >> do you think things loosen up after the election when we know who the president will be? >> i think it depends. then we're going to have more clarity on the policies. what we want in place are constructive growth oriented fiscal po
. u.s. equity futures should be interesting to look at temperature basically on hold. not sure what to do after yesterday. we'll talk more about the economy in a minute with david rosenburg. it was pretty clear yesterday that depending on how you wanted to spin it, could you say how do you do for another four years. i don't remember any euro news in the last six months no matter how bad it was, we didn't get it free handle. so there's more to it than just europe. >> it was the fiscal cliff, but also the financials got hit so hard. if it had been romney, the cliff would be less of a deal because they would stepped all of them. so now we know and we lettered it first hand yesterday. boehner said we're open to tax increase, but part of a bigger plan that involves spending cuts. dove did a bungee -- >> worst thing i ever did. >> but it goes down and then right back up. >> the worst part is you feel like you're connected on something, but don't. it's a free fall until the very he said and then he start to feel like i'm connected to something and it throws being back into the air. >> my q
a sense of what part of the city was actually hit. >> anderson, talk to us about what people are telling you as you speak to them. >> you know, look, there's a lot of fear. people are bone tired. you know, this has been going on for days now. there's this constant sound of the drones. it is a -- you know, it is a very eerie feeling. a very strange feeling. the city appears, you know, very deserted, although as arwa damon pointed out people have nowhere else to go. they're all still here, they're just hiding inside. people are rarely going outside of their apartments except when they absolutely have to to try to get food or cooking oil or any kind of supplies they need. but shops are shut down. stores are shut down. you don't see a lot of people walking around the streets. and at night it's completely deserted. and people are out driving, driving very, very fast through the streets. but it's a very tricky time of the night to be going anywhere. >> that was earlier tonight on cnn. make sure you join anderson monday night, 8:00 eastern, again at 10:00 eastern for a special edition of "ac 36
minister met with the secretary of state hillary clinton. he thanked her for the u.s. funding of the system. when it comes to a cease-fire, as of now, it remains illusive and only talk. it's become a familiar sound. air raid sirens in jerusalem. iranian rocket fired by militant in gaza landed on the outskirt of the holy city. ironically, the rocket fell near a palestinian village. tonight, rocket launched from gaza landed 45 miles away in suburban tel aviv. the farthest ever to fall in an israeli city. militants on tuesday fired more than 100 rockets. the israeli military suffered the first fatality when a seasonal was hit by a mortar this afternoon. raising the israeli death toll to five. one of the rockets that pep traited the iron dome defense system hit a store in the city of ashdod and sheered off the side of the building, decimating the structure. there were no serious injuries. >> it's like rain. like it rains in new york state, just rain water, here it rains rockets. every day, every hour. rains tens of thousands of rockets in the city. it's unbelievable. >> another rocket pierced t
in israel and gaza. the conflict in its seventh day. u.s. secretary of state hillary clinton in jerusalem tonight. she arrived late and went straight to a meeting with prime minister benjamin netanyahu. >> america's commitment to israel's security is rock-solid, and unwavering. that is why we believe it is essential to deescalate the situation in gaza. >> deescalate the situation in gaza. what does deescalate mean? there was a spade of rockets just a moment ago, but yet that's the key word being used by the administration. during a brief press conference with prime minister netanyahu, there was no mention of a cease-fire. netanyahu said israel is prepared to take whatever action is necessary to defend itself. and egypt, which is brokering a deal between the two sides, cancelled a press conference where officials were expected to announce a deal with terms for a cease-fire. tomorrow, secretary clinton meets with the palestinian president, mahmoud abbas and then will fly to egypt to speak with president mohamed morsi. that is going to be a very interesting conversation, because, of course,
clinton meeting with benjamin netanyahu to the talks went late into the night. is the u.s. doing all its can for its allies? rudy guliani joins us. >> good evening. >> greta: let me jump to the everyone is afraid of. there is no truce and results in a ground war. what happens? >> i mean i hope there is truce. i hope it's on sensible terms. it can be achieved by the palestinians not firing 130 rockets today into israel. i don't think there is a moral equivalency here. i don't think our government is going to do any good in trying to create a moral equivalency. i think a ground war is obviously going to test where is egypt, where is turkey. we know where iran is. they are arming the hamas, missiles or a lot of them seem to come out of iran. in essence, it seems to me that something pro joked by iran and encouraged by egypt and turkey by immediately taking the side of hamas which is extraordinary. >> greta: so, with hamas in order to get them to step down from its firing rockets into israel and doing provocative, take at hamas. why in the world they are going reach with truce. they are cons
because the underlying fundamentals in the u.s. economy are clearly improving, and you also have a stabilization or soft landing happening in china at the same time. >> david kelly, what do you want to be doing here? what's your strategy for the fiscal cliff? do you think we go over it, and what do you want to do? >> for a long-term investor, you don't try and play this one. i agree with stephanie about the market probably going higher once they get a resolution. they will get a resolution. it's possible it could go into early january. i still think they're more likely to get a resolution done before the end of the year. either way, they'll get a resolution done. when that happens, then we'll resort to looking at the u.s. economy, which is strengthening a bit here. also, the extreme and relative valuations between high-quality fixed income and equities will push money towards equities. i would not run for cover here because of the volatility. i think you just have to, you know, hold your ground through this and hope that the market moves higher next year. >> bob, this activity at
-fired power plants generating electricity in the u.s., and those plants produce 130 million tons of waste called coal ash. it contains concentrations of mercury, arsenic, lead, and other toxic materials. and as lesley stahl first reported in 2009, when coal ash is dumped into wet ponds--and there are more than 500 of those across the country-- the result can have an enormous health risk on the people living in nearby communities. >> we get about 48%, nearly half of the electricity in this country from coal. >> jim roewer is one of the top lobbyists for the power industry. >> coal is going to be around for a long time. >> and we really can't get rid of coal. >> we shouldn't get rid of coal. >> well, should or shouldn't, we can't, and coal makes waste. would you say that the industry has done a good job of disposing of the coal ash waste? >> we can do better. >> does that mean no? >> well, we had a kingston spill. >> that's kingston, tennessee, where, in december 2008, a giant retention pool of coal ash buckled under the weight of five decades of waste. >> all the power lines have been knoc
that led to petraeus' stunning downfall. brian todd's been working the story for us and getting new information. brian, tell our viewers what's the latest? >> we found out that the house majority leader, republican congressman eric cantor, may have found out almost two weeks before the president did. this and other time lines we're following on the investigation have led to genuine anger over why the ite house and other top congressional leaders weren't told sooner. a time line cnn has put together shows the republican house majority leader may have known about former cia director david petraeus' extramarital affair before the president did. that's according to aides to congressman eric cantor who tell us he found out from an fbi employee concerned that national security might have been breached as a result of the affair. cantor was told on october 27th. president obama didn't find out about the affair until after election day. congressional leaders from both parties are upset that neither they nor the president were informed until late last week. >> obviously this was a matter invo
allen is the top u.s. commander in afghanistan. was nominated to become nato's supreme commander as well. he has denied any wrongdoing. so, how are these people linked to the scandal? how are they connected? follow us. we'll try to explain this. general patreaus resigned after admitting to having an extra marital affair with paula broadwell. a friend jill kelley asked to investigate harassing e-mails see whas receiving from paula broadwell. the "wall street journal" saying the fbi agent who initiated the investigation at kelli's request is under scrutiny. the agent has not been identified but allegedly sent kelley shirtless photos of himself. started with a complaint about harassing e-mails. he here's what we know about the woman who made that complaint, jill kelley, married to a cancer surgery, she has three daughters, lived in tampa, well-known among washington social circles. they have been friends with general patreaus and his family for five years. friends describe kelley as an innocent victim about e-mails accuse kelley of flirting with patreaus. how does this impact the careers of
david petraeus testifies on benghazi. >> his testimony was that from the start he told us this was a terrorist attack. >> announcer: the mess sant -- the mess message that went out to the american people was different. who changed the message and why? congressman reacts. >> plus, getting to work on the fiscal cliff. is the edge avoid able? congressman of the house budget committee on the economic cliff-hang gather. >> ladies and gentlemen, governor mike huckabee. [ applause ] >> mike: thank you very much. we've got a great audience. we say welcome to all of you. welcome from the fox news studios in new york city. from the time i first visited israel in 1973, i believe israel is a nation of miracles. it a miracle israel was able to reestablish itself on the ground god gave it 4,000 years before, from which dispersed 2,000 years ago. home without odds not without pain and bloodshed reestablished as the home for the jewish people that barely survived the holocaust has been pursued and threatened ever since it stands because of the sacrifice of its people what only can be desc
in this great campaign for america's future and now we're almost home. one final push will get us there. >> the obama campaign says romney is playing defense. >> they've tried to expand the map like in states like ohio where they have to win without carrying the state of ohio. >> the first votes will be cast just after midnight tonight in hearts landing and dixvilla. ohio's polls will close at 7:30. a lot of people saying they don't expect to have results until way after midnight. >> thank you very much. >> the vice presidential candidates also out in full force. joe biden and his wife have two stops planned for virginia including a visit to sterling. they will be joined by singer john melencamp. >> early event in reno. he will travel to colorado and iowa. >> the washington post today is out with its endorsements of major questions. endorses question 7 the dream act which would allow illegal immigrants to pay instate tuition. on question 5 whether to approve the congressional redistricting map. the post recommends against it. saying allows politicians to choose their voters rather than
wood, rick santelli, and michael jones. guys, good to see you. thanks so much for joining us. steven, what's your take on the markets right now and this storm? how does it impact the economy and the markets from here? >> i think it's modestly constructive. i think we're still in the middle of the square root shaped economic recovery we've been in for over three years now. a grinding upward trend within the data. i think you saw some of the positive news. i think the chinese numbers were a little stronger than many had figured. so the global economy may not be decelerating as quickly as many had feared, but certainly earnings are going to trump a lot of investors coming into the season. i think coming into the fourth quarter, earnings are going to be critical but revenue is going to be extremely critical in an economic environment that's grindsi grinding upward. >> kevin, what about you? i know you're growing increasingly pessimistic about the impact of the fiscal cliff. what else is becoming a drag in terms of uncertainty on in economy and the market? >> i think right now markets are
. >> that does it for us today. we'll see you tomorrow. right now it's time for "squawk on the street." >>> good morning. happy monday. welcome to "squawk on the street." i'm melissa lee live from the new york stock exchange. we're kicking off what could be a very busy week on wall street. the presidential election is tomorrow. look at how we are setting up. implied opens across the board to the downside s&p looking to lose 2.5 at the open. as to europe that's where action is. jitters about greece and the bailout plan sending markets there lower. italy down 1.4%. voters cast their ballots in the presidential election here. greece must win key support for measures necessary for a bailout and delegates meet in china to decide a major change in leadership. >> 3 million is the number of ipads and ipads minis sold this weekend sending stock higher premarket. the question is what's the breakdown and can this reverse the steady decline in shares since they hit the record high of more than 700. >> recovery from sandy continues. manhattan gets power back and most subway service is restored although milli
't do a life in a wheelchair without use of my hand or legs. >> announcer: then, another challenge. >> as if being quadriplegic wasn't enough, she has breast cancer. >> announcer: she stays strong with a positive outlook on life. >> divine alignment happens in every one of our lives. >> reporter: coincidences, chance encounters or part of a bigger plan. >> god is moving us along toward our destiny. >> reporter: plus, syndicated talk show host larry elder how a man-to-man talk end aid family feud between father and son. >> announcer: ladies and gentlemen, governor mike huckabee. [applause]. >> gov. mike huckabee: thank you, thank you very much. thank you very much, audience. and, welcome to huckabee from the fox news studios in new york city. i hope that you and your family are enjoying some precious and special time together, during this thanksgiving holiday. you know, we all have a lot to be grateful for but sometimes we have to stop and realize it. i'm grateful that i have work, knowing that many of my fellow americans don't. i'm grateful to have the freedom to speak my mind. eve
year. courtney reagan's been tracking the numbers and she will join us with the details. also veteran retail analyst dana telsey will join us with her take. and coming up at 6:40, com score gives us a forecast for cyber monday sales. we of course continue to watch the fiscal cliff count down. lawmakers have been trying to convince the naub they are willing to compromise. they return to capitol hill today. >> everything should be on the table. >> bring entitlement reform into the conversation. >> a group of corporate executives are calling on congress to rise above partisan politics to try to find some sort of a solution. we have a lot to talk about with gleg brown and we'll start that in just a moment, but first over to andrew. >>> finance ministers are trying to unfreeze the second bailout package for greece, but first they must agree on how to cut massive debt to a more sustainable level. we'll head to london for details on that. and playing down a deal talk, tom joyce saying his country's currently if talks with at least two firms on a possible sale of its largest business unit. bu
them halfway. >> math tells us that you can't get the kind of balanced approach that you need without having rates be part of the equation. we haven't seen a proposal that achieves that, a realistic proposal, that achieves that. the reality is, closing loopholes and ending deductions as an alternative to raising rates on the top earners, top 2%, those making over $250,000, sounds good, but you have to look at the actual contents of those proposals. >>> and a new poll shows the majority of americans do want compromise in order to avoid the fiscal cliff. 67% say a deal should be a combination of spending cuts and tax increases. and if no deal is reached by the end of the year, it's clear who will take the majority of the blame, 45% will say it's the republicans' fault in congress compared to 34% for the president. when it comes to the public's expectations of their elected leaders in washington, two-thirds predict they're going to act like spoiled children. >> oh. >> as opposed to responsible adults. >>> meanwhile, grover norquist is offering a reminder to republicans in congress who ar
that the election is behind us, we now focus on the fate of the fiscal cliff. mike gibbs of raymond james says we get a compromise and this is the time to buy into weakness. nathan backrack of the financial network group is not as convinced. they are here along with david cass of matrixes a s es s ass and meg. gentlemen, lady, good to have you on the program. thank you so much. nathan, i kick it off with you. if we are heavy in stocks and depending on congress, you better buckle up. tell us why. >> well, because we're going to be all over the place right now. when i hear speaker boehner, who's just about 20 miles north of me, start to say all the things that are going to happen, it reminds me of my first sales manager who says, great, i'll wait to see it before i'm going believe it. right now, wall street has given a very clear message to president obama, which s oh, you think you know business, watch this. so now you're going to learn and you're going to learn real fast. a correspondence course is not going to help. we're going to be all over the place. my sense is until we get through with gr
sean will be back on machine. thank you for being with us. good morning, it's saturday, november 10th. the man who has the department of secret has a secret of his own. general david petraeus resigns over an affair days before he was set to testify on benghazi: >> raising taxes. >> i'm not going to ask students and seniors and middle class families to pay down the entire deaf -- deficit while people like me making $250,000 aren't asked to pay a dime more in taxes. >> how will the president's plan to tax the rich play out in washington? will they have some by tart san agreement? we'll hear from both sides ahead. >> and for the first time since sandy knocked out its power, lady liberty shining brightly. guess what, thousands of americans who were hit hard by sandy still sitting cold and powerless 12 days later. we will hear from some of those people as "fox & friends" for this saturday starts right now. >> oy. >> oy it is early. >> thanks for joining us so early and thanks to mike jarrett for coming in and clayton morris. >> i have a feeling i know why you invited me in because i'm 23
in the military. so we will be talking about them. >> yes. >> and it used to be called what? >> armiist day. >> one man wished we weren't talking about his shady past. as of right now. david petraeus after resigning on friday is not set to testify at senate or house hearings on benghazi this week. he may be compelled to. he has not been asked to by other, the house or the senate committees. one would hope he would be compelled to testify. >> alisyn: correct me if i'm wrong, but i think he was going to testify. >> dave: set to. >> alisyn: on thursday and instead he extended the acting director of the cia michael morelle in his stead. let's rewind the tape for a moment. we know he was involved in an extramarital affair, the way it came to light, we have some information, the fbi was investigating threatening harassing e-mails, sent to an unknown woman, paula broadwell, he was involved. >> to keep it straight, she sent e-mails she thought may be getting too close to her man who is not her man to begin with because he's married, she's married. the fbi goes-- the woman with threatening e-mails,
how we get the rest of the u.s. economic house in order. >>> then an exclusive interview with bill gates, the richest man in the united states and the world's biggest philanthropist. i'll get his thoughts on the president's re-election, on the new innovation economy, and the revolution taking place in education. >>> and why the next foreign policy crisis for the world's number one power might well involve the world's number two power. but first here's my take. now that president obama has won re-election, the debate in washington has shifted from whether we should raise taxes to how and by how much. this makes sense. with a deficit over a trillion dollars, we will need a combination of increased tax revenues and spending cuts. the president and his allies including robert rubin have made the case that eliminating deductions simply will not get you enough money. you will actually have to raise tax rates. that's probably true as well. but let's not give up entirely on the issue of deductions and all those other hidden subsidies that the simpson-bowles report accurately called backdoo
do to itself if washington allows us to go over the fiscal cliff. unemployment in the u.s. which has come down to to 20.9%, it could go up another 9%. according to a new research new york post poll, you clearly understand the danger of this fiscal cliff. 50% say it will have a major effect on the economy, 21% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy which will go a good way in increasing the revenue that he wants to raise in the next decade in an attempt to reduce the federal deficit. he wants to reinstate the bush tax cut which goes to the top 2% of earners. that would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second one would go from 36% to 39%. he's been focusing on this specific number since his reelection which suggests he may compromise on the actual rates in order to get a deal. there are other taxes as well he's talking about. taxes on investment gain would also go up. the capital gains tax wou
>> brian: it's going to be a cry for help. come to my house. a lot of turkeys use that line. >> steve: have a fantastic thanksgiving. bye, everybody. >> a fox news alert. time is running out for a truce in gaza. secretary of state hillary clinton pressing for a cease-fire as the fighting rages on. [gunfire] >> underground rocket launchers release a barrage of rockets raining down on israel. good morning. glad you are with us. i'm gregg jarrett. >> i'm heather childress in for martha maccallum. a bus bombed in tel aviv after a terrorist tosses an explosive device. leland, is there an established link between the tel aviv bus bombing and what's going on in gaza? >> reporter: so far there hasn't been a credible claim of responsibility. but inside hamas they praise the bomber, they passed out candy to their children. it's a celebration tradition that went back to the second intifada. people's faces say, "here we go again." this is the raw intensity that we saw during the second intifada. it's a suicide bombing. all the glass has been knocked out. while the iron dome has protecte
of the american people, tweet using #my 2 k, e-mail, post it on a member of congress's facebook wall. do what it takes to communicate a sense of urgency. >> on the other side of pennsylvania avenue, john boehner says he thinks there is a way to avoid that cliff. >> it's time for the president and democrats to get serious about the spending problem that our country has, but i'm optimistic we can continue to work together to avert this crisis and sooner rather than later. >> and look who's coming to lunch. mitt romney will break bread with the president at the white house tomorrow. >> pledge of allegiance, anti-tax crusader grover norquist warns republicans against breaking their promise. >> it is possible if the republicans lose in such a way they've got their fingerprints on the murder weapon, then you have a problem. bush couldn't run again in '92 successfully because he had his fingerprints on a very bad deal, bad on spending and bad on taxes and he broke his word. >> what is alan simpson's message to grover? we'll ask him in a few minutes. >> how do you deal with guys who came to stop gove
the death of a u.s. ambassador was a spontaneous reaction to an anti-muslim video, some trouble-making clown made out in california. ignoring john mccain and his ail argue evidence it was an organized act of terrorism. not so says the president. his u.n. ambassador and close friend simply told the truth as she was permitted to tell it, what the cia gave her to say and no more. for that he charges susan rice, in the words of the new york post, being fried. political fight fans on the tabloids relish this extreme combat what should be a good person's judgment? that's my question tonight. is susan rice now a surrogate for the president, someone to take the punishment when others above her pay grade should be answering the questions, or is she accountable for going on national television knowing she can't tell the whole truth because it's classified? let's begin with senator susan collins, republican of maine. i guess it's the toughest question in the world, senator, and that is, do you believe that susan rice, the u.n. ambassador, knowingly covered up a breach of national security? >> well, let
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